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The Market’s At A Major Fork In The Road

The Market’s At A Major Fork In The Road

If the bulls are going to make a stand and bring an end to the steep selloff, this is where they’ve got the best shot at doing so. The past several days have been rough for the broad market, though none of those days was as dramatically bad as Wednesday’s drubbing. The S&P 500 lost […]
DAX Bearish Sequence Calling For More Downside

DAX Bearish Sequence Calling For More Downside

DAX short-term Elliott wave view suggests that the decline to 11865.47 low ended intermediate wave (W). Up from there, the bounce to 12460.67 high ended intermediate wave (X). The internals of that bounce unfolded as a zigzag structure where Minor wave A ended at 12184.41 high in lesser degree 5 waves. A pullback to 12064.41 low ended Minor wave […]
I’m Already Tired Of Winning: Midwest Ag Trade Edition

I’m Already Tired Of Winning: Midwest Ag Trade Edition

A reader alerts me – from CNBC, indications farmers are going to take a hit, as export volume drops off a cliff. United States tariffs are beginning to take their toll on farmers and the storage, shipping and freight operations they need to move their crops to market. In North Dakota, soybeans from 2017 are still […]
IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming

IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming

The IMF is finally warning that there may be an emerging market crisis. Hello IMF, it’s already here. Look ahead. The IMF is perpetually late in its forecasts. Here’s the latest hoot: IMF Warns of Possible Emerging-Markets Crisis. A new study by the International Monetary Fund projects emerging economies will muddle through recent market turbulence without […]
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                        Put Option Strategies For Income Investors

E Put Option Strategies For Income Investors

The main goal of many investors is income generation, be it for a steady flow of cash that can be reinvested, or for a flow of cash that can be used to pay for one’s living. Dividend growth investing has turned into a very popular strategy for income oriented investors, but there are other possibilities […]
AUD/USD Forex Signal – Thursday, Oct. 11

AUD/USD Forex Signal – Thursday, Oct. 11

Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s AUD/USD Signals Risk 0.75%. Trades must be taken from 8am New York time until 5pm Tokyo time, over the next 24-hour period only. Long Trade Long entry following some bullish price action on the H1 time frame immediately upon the next […]
Hurricane Michael Hits Florida As A Category 4 Storm

Hurricane Michael Hits Florida As A Category 4 Storm

In a few days, Hurricane Michael went from nothing to a storm with 155 mile per hour winds. Unlike Hurricane Florence, the winds increased as it went ashore. The good news is this is a quick moving, small storm. The hurricane force winds only extended for 30 miles. The flooding from rain won’t be as […]
USD/JPY Triangle Pattern Waiting For A Decisive Breakout

USD/JPY Triangle Pattern Waiting For A Decisive Breakout

USD/JPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – Accessed 11 October 2018 at 5:30 AM GMT The USDJPY currency pair is testing the 61.8% Fibonacci retracement level, which is the very last support level that could fit within a potential wave 4 (blue) pattern. A bearish break indicates a bearish swing and a new wave pattern, whereas a […]
L Brands Jumps On September Comp Sales Rise, La Senza Review

L Brands Jumps On September Comp Sales Rise, La Senza Review

Shares of L Brands (LB) surged after the parent of Victoria’s Secret and Bath & Body Works said it would pursue alternatives for its La Senza business. Separately, the company said comparable store sales for September were up 5%, while total sales for the period rose 8%. La Senza news L Brands said on Thursday […]
Five Decades Of Middle-Class Wages: September 2018 Update

Five Decades Of Middle-Class Wages: September 2018 Update

We’ve updated this series to include this morning’s release of the Consumer Price Index as the deflator and the September monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $38,435, down 12.4% from 45-plus years ago. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The […]